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with a group of u.s. hedge funds won't need to be heard in a u.s. court. the appeals division of the new york supreme court has ruled there isn't enough connection between those events and the new york state to justify the case being held there. the court ruling noted that germany's legal system would provide an adequate alternative. certainly not the last chapter in that saga. >> no. probably not the last saga in this, either. hewlett packard has suggested the u.s. is looking into questionable accounting practices. last month's ceo meg whitman used that as the basis for a nearly $9 billion write-down. the ex ceo mike lynch continues to defend the company's accounting practices. hewlett packard, a little higher in german trade this morning. but down by 20% of its value. >> not a pretty quarter for hewlett packard. >>> brent crude has climbed above the $100 a barrel mark as u.s. lawmakers attempt to avoid the fiscal cliff. but crude is poised to post its smallest gain in three years. wti is set to post its first annual last in four years. ian, welcome. we've seen this sharp decline in oil pric
've been investing for around 20 years, he says. compared to new york and london, investments in china are relatively new. the markets he said are dominated by small time chinese investors who bet more on gossip and behavior rather than company profit. trading halls here feel like gambling debs. people in trading rooms like this one with just wiling their time away. most of them are stereo scared to get back into the market. chinese investor res paralyzed by the worst economic growth since the 1990s. historically, the markets here have gone through booms and busts, but have never gained the stad temperature of the economy. now the world's second largest. the problem is, people don't trust what they're buying. that reality was exposed by a accounting scandals in the u.s., involving new york listed chinese companies currently under scrutiny by the securities and exchange economic oh sec. >> the chinese regulatory authority only do themselves a disfavor by not being more cooperative with other international regulators such as the s.e.c. and then investors back home here will pick up on th
these negotiations. >> i've had conversations with people in new york and working on trade floors. what i've been told by them is there is a huge number of meetings going on around closed doors avoiding all cameras. there has to be a solution. both parties would be blamed if they didn't have a solution. so we know there's going to away solution. it's just what solution is it going to be? >> is it fair to say a grand bargain is off the table? >> or maybe a solution for a few months just to keep it going pap complete collapse is not acceptable. it's not an option. but maybe prolonging this for another three or four months and maybe having longer discussions about it may be the only solution they can come to. >> we're talking about how taxes could potentially go up for 98% of americans. is it going to be an issue of if and when that happens, if they don't reach even a short-term solution, that you really feel it at that point? >> because we have seen alg bit of a recovery in the u.s., up until this point. and people have been feeling more positive. but if you look at the retail numbers and you look
for us in zurich. how will this pan out, carolyn? >> well, this is all based on reports in the "new york times" that came out overnight, ross. and the most interesting piece of information in that report at least i think is the fact that the fine for ubs in connection with the libor investigation could be higher than that that was given to barclays in the summer. remember, barclays paid $450 million to settle that libor probe. and at the time that was a record fine. so now the new york teams is talking about a fine that could be even higher than that. ubs in zurich told me they have no further comment beyond the fact that they have been fully cooperating with regulatory and enforcement authorities in this libor investigation. so we didn't get any confirmation from ubs whatsoever. but the "new york times" does report that u.s. officials are hoping to complete the settlement with ubs maybe mid-december, but of course there could always be delays.is scant, but ubs is probably looking at a very hefty fine and shares in zurich this morning are underperforming the broader market, flat versus t
already paid to new york state regulators in the third quarter. but despite that, q4 earnings will still ygrow in the mid single digit range. presumably actually clarity on fines is good. >> it brings closure. several thinking it could be several multiplmultiples. so improved visibility on that is definitely a positive. >> and here is city saying they're cut 1g 1,000 jobs. standard chartered is talking about hiring another 2,000 jobs. and if they get an increase in earnings, another record year. >> they're extremely well positioned. they're in the sweet spot of the global economy, where thes fastest growth is to some extent. asia, indonesia, africa. they have a very strong balance sheet. so they're in the position to really gain market share even in the context of a slightly slowing macro picture. but interestingly since the third quarter ims, we heard today from standard chartered again and they were quite upbeat particularly for the likes of singapore and i sandia and so forth. so outlook for revenue is actually quite positive and it's on quite a low multiple and could easily rerate to
to the council on foreign relations in new york, duke says what's going on in washington could affect their holiday shopping plans. >> the week before the election, only 1/4, 25% of our core customers even knew what fiscal cliff meant. okay? one week after the election, it was up to 75%. now these same customers, 15% of our customers are telling us this discussion about fiscal cliff will affect what they spend on christmas. >> and most americans aren't close to finished with holiday shopping yet. giving retailers a hope for a big boost in the last few weeks beforesom christmas. 58% of those surveyed said they completed half or less of their holiday shopping so far. i've got a little guilt on that front. >>> joining us for more, global ceo of sanrio. welcome. waving to the world there. >> yes. >> happy holiday. >> wearing your brand, as well. >> happy holiday from mr. mann. >> we should point out that mr. men is a key part of your strategy which is changing, is it not? >> exactly. last year we started to did mergers. this is our first acquisition, international acquisition. >> which is
on pricing. so for more we're joined by daniel i've, senior analyst at fbr capital markets from new york. good morning. strong set of numbers from oracle. what's the read through for the rest of the market? >> it's a great read-through, especially for q4. a lot of nervousness out there. they came through with strong numbers, and it bodes well for overall technology going into 2013. >> want to look at the details here. particularly the hardware versus software shift. now, oracle, of course, the software business continues to did well. hardware, they bought sun microsystems for, what, $5 billion, $5.6 billion a couple of years ago. and that division has posted a drop in revenue every quarter since. are we to believe that they'll finally show growth here come march? >> a good question. look, the software, you know, at this point, that's the meat and potatoes. a new software license up 10% organically. you looked real strong. that's the focus for investors. the hardware continues to be a work in progress. again, they're focusing on the more profitable areas. the key is they still expect that
Search Results 0 to 6 of about 7